Fiduciam secures £100 million of additional funding to support SME house builders

By Bridging Loan Directory 22nd October 2024

Specialist lender Fiduciam has secured £100 million of new funding to be deployed over the next two years, commencing from Q4 2024.

With this new funding, Fiduciam is looking to support SME housebuilders across the UK provide more residential housing to the market, in line with the new government’s priorities.

Fiduciam’s bridging and development loans range from £500,000 to £25 million and have terms of up to three years.

LTVs of up to 70% are considered for residential property and up to 65% for commercial property.

The additional £100 million of funding now available to be deployed is a strong vote of confidence by our institutional funding partners, both in the economy and in Fiduciam as a lender.

Fiduciam is committed to utilising this additional capacity to continue funding projects the length and breadth of the UK, having supported developments in from Kent to the Highlands since the start of the year.

Having also seen particular growth in the midlands, with a large number of projects starts this summer, Fiduciam continues to demonstrate a strong appetite for affordable residential projects and aims to support housing development that meets local demand while fostering sustainable growth in the real estate sector.

Louisa Holland-Hibbert, head of Fiduciam’s origination for the UK, commented:

“Our repeat client pipeline is very strong, and the large number of enquiries we are receiving is a good indication of the increasing number of projects now getting under way.

The additional funding and competitive interest rates will allow us to support more new and existing borrowers across the UK”

Thomas Reeve, heading up Fiduciam’s UK team, said:

“Fiduciam expects its bridging and development loan offerings to be in strong demand over the tail end of 2024 and throughout 2025, as interest rates start to come down and projects previously put on hold now kick into gear.

With the additional funding in place, Fiduciam will be particularly competitive for financing permitted and ground-up developments.

As part of this growth, Fiduciam is expanding its team to better serve its clients and manage the increasing demand for short term real estate financing, with more announcements to come in the coming weeks.”